Fire insurance policies are standardized in the United States, either by statute or by order of the state insurance departments, so coverage cannot be enlarged to cover any other perils.

Question

Quizplus · Accepted Answer

Fire insurance policies can be standardized, but they can also be customized to include additional coverage for other perils beyond just fire, depending on the insurer and the policyholder's needs.

Fire Insurance Policies Are Standardized in the United States, Either